What Is a Debit Card

question 29

Short Answer

What is a debit card?
The same thing as a demand deposit
Money that moves along multiple channels of consumers and businesses via digital electronic transmissions
A type of plastic money that immediately reduces the balance in the user's bank account when it is used
An electronic purse that can be programmed with electronic money at ATM machines
The same thing as a time deposit

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Definitions:

If...Then...Else

A conditional statement used in programming and database applications for executing different actions based on whether a specified condition is true or false.

Else Statement

A part of conditional programming that defines the block of code to be executed if the condition in the "if" statement is not met.

ElseIf Statements

A conditional statement in programming used to specify a new condition to test if the previous condition(s) was false.

If Statement

A conditional statement that executes a set of commands only if a specified condition is true.